NEWPORT BEACH, Calif. (AP) — William Lyon Homes (WLH) on Tuesday reported first-quarter net income of $8.3 million, after reporting a loss in the same period a year earlier.
The Newport Beach, California-based company said it had profit of 21 cents per share. Earnings, adjusted for one-time gains and costs, came to 27 cents per share.
The homebuilder posted revenue of $373.4 million in the period.
William Lyon shares have declined 5 percent since the beginning of the year. The stock has climbed 24 percent in the last 12 months.
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